A wish to make a will worth 5 Crores in favor of his grand son aged abot 12 years. There are some views that Trust Deed would be better rather than Will. Kindly expound which of the two will be better?.
Sycorax Juris 31 January 2018
A wish to make a will worth 5 Crores in favor of his grand son aged abot 12 years. There are some views that Trust Deed would be better rather than Will. Kindly expound which of the two will be better?.
Sycorax Juris 31 January 2018
Please note that A is a hindu.
N.K.Assumi (Advocate) 31 January 2018
He can used both, that is create a trust in the will itself, by appointing one or two trustee in the will itself, to look after the proeprty till the child attain the age of majority.
Sycorax Juris 31 January 2018
Thanks, is it possible to appoint executor as the trustee for the child, in the will?
Sycorax Juris 31 January 2018
Property is his self earned property consisting of immovable as well as movable. He has no wife and only one son who pre deceased him, and wish to give away his property to his child as his last will.
N.K.Assumi (Advocate) 31 January 2018
He can appoint a truste apart from the executor in the will or he can appoint executor as the truste in the will.Not a big deal and save timie and money, except lawyers fees.
Sycorax Juris 03 February 2018
No, my client choose WILL. as he is not prepared to part with the property to the Trustee.
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